|
1rK~dTGAGE ~ -~ ~ €J ~ 1~
<br />t.40RTGAGE LOAN No. ~ 7 . {+:,:
<br />til¢IOw ALL MEN BY THINE PRE§Efi`I'S: Tint Larry L, Lewis arxi F3Eth A. Lewis, each in his and her
<br />Otvri right aixi as spoll3e ,Of each Other, Mortgagor, whether one or acre, in ~ideration of the sty ~
<br />-five Tgtottsattd arm no/100--- pp~y~
<br />Inatred to said rrtort-pgor by The Equitsbk Bw1dirtg and fuan Association of C,rand Ialsnd, Nebraska, Mortgagee, upon 250 shoes of stock of
<br />sod ASSOCV,TiON, Certificate No. L 24 x002 , do hneby grand, arnvty and mortis unto the aid ASSOCIATION fire foBowists
<br />desarbtd read estate, sittnted in Had County, Nebraska:
<br />Lot Five {5), in west Heig:sts Addition to t~ City
<br />of Grand Island, Hall County, IJebraska,
<br />together with alt the tenements, hereditsments and appurtenances thereunto bebrtging, utctuding attached floor coverings, aA wiudor ataeesn,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning,and plumbing and wattt equipment and acoeaories thereto,pumpa,stoses,
<br />refrigenlors, and other fneturcs and equipment stow or hereafter attached to or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor scull and wilt pay aB taxes and asses eats levied or
<br />asseaed upon said premises and upon this mortgage and the bond secured thereby before the same shall become deBngtrrnt; to firrnis6 approaed
<br />insurance upon the buildings on said premises situated in the sum of S 25, 000.00 payable to said ASSOCIATION ami to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said prttttises;
<br />[n case of default in flit ptrformance of any of the terms and conditions of thu rttortgage or the bond secured hereby, the mortgagee shag,
<br />on demand, bt rniitkd to immediate possession at the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />mortgagee all the rents, revenues and income to 6e derived Irom the mortgaged premises during such time as the mortgage indebtedness shag remain
<br />unpaid; and [he mortgagee shall have We power to appoint any agent or agents it may desire for the purpose of repairing said pte»tisea and tentins
<br />the same and inB the rents, revenues and income, and it may pay out of aid inrnme all expettaes oC repairire6 aid premises and neotmry
<br />crommissions aced expenses incurred in renting and managing the same aced of collecting rentals therefrom; the balance remaining, S arty, to be
<br />applied totvud [he discharge of said mortgage indebtedness; theme rights of the mortgagee may be exercised at any time during the existence of such
<br />default, irrespective of any temporary waiver of the satre.
<br />These Presents, however, are upon the Condition, That if the said Mortgagor shall repay aid loan on or before the ntatttrity of said shoes by
<br />piymrni; pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principa- on aid loan, on or before
<br />-he Twentieth day of each and every month, until said lost. i. fully paid; pay all taxes and assessments levied against said premises attd on this Mortg~e
<br />artd the Bond secured thereby, befare definqutncy; furnish apprux$ insurance ugon rite buildings thereon in tttt sum of S 25, 000.00 payable
<br />to aid ASSOCIATION; repay to aid ASSOCIATION upon d=r:snd all mocey by it paid for such taxes. assessments artd irrsurance with inieieat at
<br />t(te mazimuat legal rate thereon fram daft of gayrtient ail of which Mortgagor hereby agrees [o pay;permit rto wane on said premiaes;kcep and wmply
<br />with ail cite agrxments and c:tnditiors of the ~ttrd for 5 25, 000.00 ibis day ~xn by tie sad Mortgagor to said ASSOCIATION, and ~rriply
<br />with all the requuements of the Constitution and By-Laws of said ASSOCIATION; then rhea presents shall become null attd void, otixrvvne they
<br />strati remain in full force and may be foreclosed at the option of the said ASSOCIATION after Cailure for throe months to make any of said
<br />payments or be three months in arrears in making said tttonthly payments, or to kcep arui comply with the agrcements and conditions of said Boyd;
<br />and Mortgagor agrees to love a receiver appointed forthwith iri srrcir forcciosurc prooeeditrgs.
<br />(f there is any change in ownership of the real estate mortgaged herein, by ale or otherw6e, thrn Cite entire rc+~'i^'^e indtbtedrtea hereby
<br />secured shall, at the option of The Fquihbk Building and Loan Assaciatiot¢ of Grand Isbsnd, Nebruka,beooare itmrrediately due and payalrie without
<br />frtrther notice, and the amount retraining due urttkr aid bond. and any other bond for any additional advances mark tltereutrder, shalt, from the
<br />date of exercise of aid option, bear interest at the maximum legal net, sad this mortgage may then 6e forecloxd to atiafy the amount due oo acid
<br />bor-d,and any other bond for additional advances, together with all sums paid by aid The Equihbk Buildmg and t.oan Association of Grand Ishttd,
<br />Nsbsaska for insurance, taxes and assessments, and abstracting extension charges, will[ interest thereon, from date of payment at the rneximrun
<br />kpl nee.
<br />As provided in the Bond secured hereby, while ¢his mortgage reettains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, [heir assigttrs or successors in interest, which sums shall be within tlx security of this mortgage the same as [he funds origiruBy
<br />aecwed thereby„ the toW amount of prirkipal debt nut to ezoeed at any time the original amount of this mortgage.
<br />fisted ~ 23rd ~Y of October A. o., I9 81
<br />p
<br />Larry - ~ s~1t ~~,~ t ,~..~`
<br />Heth A, Lewis
<br />STATB OF N(:BRASICA, ~ ss. On this 23rd day of October 19 81 ,before me,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and foe aid County, peraonaBy ranre
<br />Iarxy L. Lewis anti Beth A. Lewis, each in his and her own right and as spouse of pper~,ch
<br />other who ~,e penotully krwwa w
<br />me to be tha identical persons whoa[ rutne 3 ar~2 affixed to the above hutrument as mortgagors and they severally
<br />admowiadgaf the said hrstruasen- to >x their voluntary act and deed.
<br />MITNPSS my teaml and Notarial Seal the date aforeraid. (/j~~'
<br />My Comm~siwi expires ~ i ~~[~ / ~ / 1
<br />~~~~
<br />
|